Paul Solman looks at the faces and places that illustrate the realities of the recession and Jeffrey Brown talks to experts about its impact on jobs.

This video is from the Making Sen$e with Paul Solman video series from PBS. Learn more about these videos and view a listing of the most recent videos we have available.

Key Concepts

Human Capital, Labor, Labor Market, Unemployment, Business Cycles, Cyclical Unemployment, Employment Rate

OTHER RELATED LESSONS

A Fair Wage

Income for most people is determined by the market value of the productive resources they sell. What workers earn depends, primarily, on the market value of what they produce and how productive they are.

Grades 6-8, 9-12

Focus on Economic Data: U.S. Employment and the Unemployment Rate, November 8, 2014

This lesson uses the latest employment and unemployment data release by the U.S. Department of Labor, Bureau of Labor Statistics, for the month of October, reported Nov. 7, 2014. The lesson presents the kinds of unemployment and asks students to think about what the optimal level of unemployment ...

Grades 9-12

Henry Ford and the Model T: A Case Study in Productivity (Part 2)

When Henry Ford announced he was going to produce an automobile that would be affordable to the masses, he probably did not realize what a great impact his achievement would have on life in the United States. and, eventually, the world. Ford’s use of mass production strategies to manufactur...

Grades 6-8, 9-12

Why does Brett Favre make $8.5 million per year?

What determines a person's salary? Why do professional athletes make so much money? People who work as firefighters, police officers or teachers are clearly more important to our society, yet they make much less money than jocks. What explains this?

Grades 9-12

Focus on Economic Data: Employment and Unemployment October 3, 2014

This lesson uses the latest employment and unemployment data release by the U.S. Department of Labor, Bureau of Labor Statistics, for the month of September, reported Oct. 3, 2014. The lesson presents the various BLS definitions regarding labor force attachment, as well as discusses the two surve...

Grades 9-12